XIAO-I ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Xiao-I Corporation and Encourages Investors to Contact the Firm
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A class action lawsuit has been filed against Xiao-I Corporation (NASDAQ: AIXI) by Bragar Eagel & Squire, P.C. The lawsuit targets those who acquired Xiao-I's ADSs during its IPO or securities between March 9, 2023, and July 12, 2024. Investors have until December 16, 2024, to apply as lead plaintiffs.
November 06, 2024 | 2:15 am
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NEGATIVE IMPACT
Xiao-I Corporation faces a class action lawsuit related to its IPO and subsequent securities trading. This legal action could negatively impact investor sentiment and the stock price in the short term.
The class action lawsuit against Xiao-I Corporation is significant as it involves allegations related to the IPO and securities trading. Such legal issues can lead to negative investor sentiment and potential financial liabilities, likely causing a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100